0450_s26_qp_21 2026 May-June Business Studies 0450 Question Paper 2 Variant 1 · Cambridge CAIE IGCSE

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0450_s26_qp_212026 May-June Business Studies 0450 Question Paper 2 Variant 1

This is the official Cambridge IGCSE Business Studies (0450) Question Paper 2 (Variant 1) from the 2026 May-June examination session. This question paper was sat by Cambridge students worldwide in 2026 and is published by Cambridge Assessment International Education (CAIE). Use it for timed practice under exam conditions to build familiarity with the question format, mark allocation, and time pressure.

Also referenced as: 0450_s26_qp_21 · 0450/21/m/j/26 qp · 0450/21 May/June 2026 qp

Paper 2: Case Study This is Paper 2: Case Study, worth 80 marks with a duration of 1h 30m. 1 large case study with 4 questions. Application marks require use of the case study context — not just repeating question wording.

To self-assess your performance, use this question paper alongside the corresponding mark scheme (0450_s26_ms_21). Attempt the entire paper under timed conditions before opening the mark scheme — this trains both your subject knowledge and exam technique. Mark each question and record whether marks were lost due to knowledge gaps, method errors, or careless mistakes.

The most effective way to use this Business Studies question paper is to simulate real exam conditions: set a timer for the full duration, work without notes, and write your answers on separate paper. After finishing, mark yourself using the official mark scheme — do not check answers during the paper. This builds exam stamina and reveals your genuine readiness. Repeat this process across 3–5 sessions to identify recurring weak topics in Business Studies (0450).

Studying Business Studies?

Every past paper on this site stays free. These are the worked answers and notes our specialists write on top of them.

Same paper, other years

Business Studies (0450) Question Paper 2 (Variant 1) from other exam sessions — practise the same paper across the years, then check each one against its mark scheme.

Examiner Insights — Paper 2: Case Study

Based on analysis of 3 official Cambridge documents (2023, 2025)

1

Evaluation = summary of previous points instead of a decision with reasoning

Evaluation requires candidates to make a supported judgement. A summary of points stated earlier will not achieve evaluation marks.0450 M25

How to fix: Evaluation means making a decision. After presenting both sides, state which option is better and WHY, comparing the strength of arguments. 'Overall, X is more important than Y because...' — never just repeat your earlier points.

2

Missing application marks — reusing the same context reference or using question words as application

Most candidates continue to miss many of the 16 application marks available on this paper.0450 S25

How to fix: Application means using specific details from the case study or scenario: the company name, its products, its size, its market, specific numbers from the data. Using the same context point twice only counts once. The question stem words do not count as application.

6

Confusing cash flow with profit

A common error was to confuse a cashflow forecast with an income statement0450 S25

How to fix: Cash flow = actual money moving in and out of the business (timing matters). Profit = revenue minus costs over a period (timing of payment does not matter). A business can be profitable but have negative cash flow if customers have not yet paid.

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Business Studies Exam Guide: How to Score Higher

Top mistakes, scoring patterns & answer frameworks from 3 official Cambridge documents